What Is The Outlook For Monday.Com Ltd (NASDAQ: MNDY) Like For Short-Term?

Monday.Com Ltd (NASDAQ:MNDY) traded at $238.65 at last check on current trade day and made a downward move of -5.22% on its previous day’s price.

Looking at the stock we see that its previous close was $251.80 and the beta (5Y monthly) reads 1.299 with the day’s price range being $236.13 – $250.89. The company has a trailing 12-month PE ratio of 582.94. In terms of its 52-week price range, MNDY has a high of $324.99 and a low of $170.00. The company’s stock has lost about -6.58% over that past 30 days.

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Monday.Com Ltd has a market cap of $11.90 billion and is expected to release its quarterly earnings report in January.

On the other hand, looking at the outlook for the MNDY stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy.

Based on estimates by 17 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Monday.Com Ltd (MNDY) stock as a Hold, while 15 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the MNDY stock currently stands at 17.28, and the most recent price level today is -14.40% off its SMA20 and -16.06% from its 50-day simple moving average. The RSI (14) is pointing at 32.75 while the volatility over the past week is 4.59% and jumps to 4.52% over the past one month. The beta value is 1.25, while the average true range (ATR) is currently pointing at 13.85. The average price target for the stock over the next 12 months is $305, with the estimates having a low of $135 and a high of $340. These price ends are 43.43% and -42.47% off the today’s price level respectively, although investors could be excited at the prospect of a -27.8% if the MNDY share price touches on the median price of $305.

Coming back to Monday.Com Ltd (NASDAQ:MNDY), we note that the average 3-month trading volume was 680.01K, while that of the preceding 10-day period stands at 0.83 million. Current shares outstanding are 49.86 million.

The insiders hold 23.82% of the company’s shares while institutions hold 71.57%. The data shows that short shares as of 2024-11-29, stood at 2.71 million at a short ratio of 2.81. This represents a 650.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 2.71 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 27.07% up in year-to-date price movement.

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